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Unexpended Funds After Five Years Government Code section 66001(d) provides five years after collecting a development fee subject to AB1600 and SB1693, a local agency shall make findings that year and every five years thereafter, with respect to any portion of the fee remaining unexpended. The findings must identify the purpose for which the fee is to be used and demonstrate a nexus between the fee and the purpose for which it was originally charged. The findings must also identify all sources and amounts of funding for completion of the improvement and the approximate date that the improvement will be fully funded. After five years, a local agency is also required to refund the unexpended portion of the fee, and any accrued interest, for which a need cannot be demonstrated. However, when a city makes appropriate findings (including that the purpose for the developer impact fee remains), the city may retain the fee. Staff reviewed development impact fees collected five or more years ago and has determined that all funds held for more than five years are necessary to complete identified projects as shown below by fund. Miscellaneous Capital Improvement Fund (Fund 1541 Amount collected in previous fiscal years subject to 5 year limitation: $670,310 Funds are committed to the following projects: • Downtown Parking Improvements— project#018044 Description: Purchase of Alameda County Transportation Corridor (annual payment). Approximate project completion date: August, 2015 (final payment) Project cost: $7,500,000 (excludes interest) % funded by development impact fees: 8.4% Source of funding: Public Facilities Fees, General Fund CIP Reserves (22.0%), NPID Reserve Funds (50.1%), Downtown Parking-In-Lieu Fees (19.5%) • East County Animal Shelter Lease/Debt Payments— project#948051 Description: Pleasanton's share of the annual animal shelter lease/debt payments. Approximate project completion date: 2021/22 Project cost: $80,000 approximate cost per year % funded by development impact fees: Ranges from 20% to 50% each year Source of funding: Public Facilities Fees, General Fund CIP Reserves (ranges from 50% to 80% each year) • Fire Station No. 4— Repairs to Upper Parapet Walls — project#118029 Description: Removal and replacement of the upper section of the exterior walls of the fire station. Approximate project completion date: 2013 Project cost: $200,000 % funded by development impact fees: 84.0% Source of funding: Public Facilities Fees, Misc. General Fund CIP Funds (16.0%), • Fire Station No. 3— Replace Exterior Siding—project#128023 Description: Removal of the existing wood siding at the fire station and replacing it with stucco type material. Approximate project completion date: 2012 Page 4 of 7